Blackstone and Private Equity Trend

Blackstone Group’s total assets rose to $119 billion at the end of September from around $111 billion (including non-fee earning assets) in the previous quarter.  Look at the disaggregated numbers and you see a strong trend.

Replicator Beats Managers

An index that tracks reproducible hedge fund performance had significantly higher return than actual hedge funds in the period that started January 2008. Boris Arabadjiev, chief investment officer of the Credit Suisse fund of hedge funds group, found that this replicator outperformed underlying hedge fund strategies by as much as three to five percentage points.

What does it mean?

Advertisement

Did Investors Make a Mistake?

Chidem Kurdas

As of the end of March, hedge funds had recovered all but 1.6% of their 2008 loss, whereas the MSCI World Index was still down 24.4% from its peak, according to data from the Credit Suisse/Tremont Index.

Of course investors who took their money out of the funds did not benefit from the resurgence. They would’ve recovered the losses had they stayed with the investment, says Oliver Schupp, President of Credit Suisse Tremont Index LLC.